Public Tech Platform for Frictionless Credit
On 17th August, 2023, the Reserve Bank of India (RBI) launched a pilot project in the form of a "Public Tech Platform for Frictionless Credit". The move seeks to give digital information to lenders to expedite access to credit or loans.
- The platform has been developed by the Reserve Bank Innovation Hub.
- It has been designed to facilitate the smooth provision of credit by ensuring the effortless transmission of essential digital data to lenders.
- It is an end-to-end digital platform that will have an open architecture, open Application Programming Interfaces (APIs), and standards to which all banks can connect in ....
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